Just two weeks after capturing an NBA best 18th championship
, the owners of the Boston Celtics announced on Monday
that the team is up for sale. The managing
board of ownership group, Boston basketball partners, which
is led by Wick Rossbach said in a statement that
it expects to sell a majority stake in the Celtics
in 2024 or early 2025 with the balance closing in
2028 Grosbeck is expected to remain as the governor of
the team until the second closing according to ESPN Rossbach
and partner Steve Paua led a group that purchased the
team in 2002 for$360 million. But since then
NBA franchise valuations have skyrocketed with the Phoenix Suns reportedly
selling for$4 billion in February 2023 and the Milwaukee
Bucks and the Dallas Mavericks fetching$3.5 billion each.
The Celtics beat the Mavericks 41 in the best of
seven finals on June 17th. Currently, the Celtics
are favorites to repeat next season with the duo finals
. MVP Jalen Brown and forward Jason Tatum leading the 00:01:02.859 --> team